Valhalla Games, the new outfit from former Team Ninja head Tomonobu Itagaki, will launch Devil's Third some time next year. It's around 80% complete right now, Itagaki said. "We'll be going all out next year, so please look forward to it."

There hasn't been much word on Devil's Third since its old publisher THQ went out of business last year and rights to the game were soon relinquished back to Valhalla Games. In May, Itagaki assured that work on the game would continue even though a new publisher had not been lined up yet.

Devil's Third is a third-person shooter with melee combat elements set during a modern-day world war. It's Itagaki's first game since his controversial exit from Tecmo in 2008.

This article was originally published on Joystiq.